North Star Investment Management Corp. Buys New Position in Northrop Grumman Co. (NOC)

North Star Investment Management Corp. acquired a new stake in Northrop Grumman Co. (NYSE:NOC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,139 shares of the aerospace company’s stock, valued at approximately $577,000.

Other large investors have also recently modified their holdings of the company. Paradigm Asset Management Co. LLC grew its position in Northrop Grumman by 15.0% in the third quarter. Paradigm Asset Management Co. LLC now owns 8,050 shares of the aerospace company’s stock valued at $2,555,000 after acquiring an additional 1,050 shares in the last quarter. Highwater Wealth Management LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at approximately $168,000. Worldquant Millennium Quantitative Strategies LLC acquired a new stake in Northrop Grumman in the fourth quarter valued at approximately $1,151,000. Raymond James Trust N.A. grew its position in Northrop Grumman by 52.6% in the fourth quarter. Raymond James Trust N.A. now owns 6,363 shares of the aerospace company’s stock valued at $1,558,000 after acquiring an additional 2,194 shares in the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Northrop Grumman during the fourth quarter worth approximately $789,000. 83.99% of the stock is owned by institutional investors.

In other Northrop Grumman news, VP Mark A. Caylor sold 2,965 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $290.24, for a total value of $860,561.60. Following the sale, the vice president now directly owns 28,245 shares in the company, valued at $8,197,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark A. Caylor sold 9,501 shares of Northrop Grumman stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $285.45, for a total transaction of $2,712,060.45. Following the sale, the vice president now owns 25,280 shares in the company, valued at $7,216,176. The disclosure for this sale can be found here. Insiders sold 119,197 shares of company stock worth $34,247,476 over the last quarter. 0.45% of the stock is currently owned by company insiders.

Northrop Grumman stock traded up $2.11 during mid-day trading on Friday, reaching $292.04. The company’s stock had a trading volume of 974,765 shares, compared to its average volume of 974,140. The company has a market cap of $49.59 billion, a PE ratio of 13.69, a P/E/G ratio of 1.17 and a beta of 0.89. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.18 and a quick ratio of 1.10. Northrop Grumman Co. has a twelve month low of $223.63 and a twelve month high of $340.14.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings data on Wednesday, April 24th. The aerospace company reported $5.06 EPS for the quarter, topping analysts’ consensus estimates of $4.59 by $0.47. The firm had revenue of $8.19 billion during the quarter, compared to the consensus estimate of $8.34 billion. Northrop Grumman had a net margin of 9.67% and a return on equity of 41.42%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.21 earnings per share. Equities research analysts anticipate that Northrop Grumman Co. will post 19.39 earnings per share for the current year.

A number of analysts have recently weighed in on the stock. Alembic Global Advisors raised shares of Northrop Grumman from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Northrop Grumman from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Morgan Stanley raised their price target on shares of Northrop Grumman from $305.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 13th. Cowen reissued a “hold” rating and set a $300.00 price target on shares of Northrop Grumman in a research report on Thursday, January 31st. Finally, Drexel Hamilton set a $335.00 price target on shares of Northrop Grumman and gave the stock a “buy” rating in a research report on Saturday, February 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $337.06.

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Northrop Grumman Company Profile

Northrop Grumman Corporation, a security company, provides products in the areas of autonomous systems, cyber, space, strikes, and logistics and modernizations in the United States, the Asia Pacific, and internationally. The company operates through four segments: Aerospace Systems, Innovation Systems, Mission Systems, and Technology Services.

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Institutional Ownership by Quarter for Northrop Grumman (NYSE:NOC)

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